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Business News

Wednesday, Jan 20, 2016 at 06:38 AM EST

Johnson & Johnson to Cut 3,000 Jobs in Struggling Device Division

Johnson & Johnson to Cut 3,000 Jobs in Struggling Device Division

Johnson & Johnson said Tuesday that it plans to cut about 3,000 jobs over the next two years as the health care conglomerate works to restructure its medical devices business. The New Brunswick, New Jersey...

Friday, Jan 15, 2016 at 04:25 PM EST

Tax Season Begins Jan. 19: Things to Know

Tax Season Begins Jan. 19: Things to Know

It’s time to get back to regular routines and take care of January chores, including gathering your tax information.

Friday, Jan 8, 2016 at 05:53 PM EST

U.S. Stocks End Worst Week Since 2011

U.S. Stocks End Worst Week Since 2011

A wave of late selling pummeled U.S. stocks Friday and pushed the market to its worst week in four years. The dismal start to the new year comes as investors worry that China's huge economy is slowing

Thursday, Jan 7, 2016 at 08:49 PM EST

Trader Joe's Accused of Underfilling Cans of Tuna

Trader Joe's Accused of Underfilling Cans of Tuna

A new lawsuit claims Trader Joe’s under filled 5-ounce cans of its store-brand tuna, violating federally mandated minimum standards, NBC News reported. The class action was filed Tuesday against the company and...

Wednesday, Jan 6, 2016 at 09:55 PM EST

Chinese Stock Market Tanks, Trading Halted

Chinese Stock Market Tanks, Trading Halted

China opted to keep guiding its currency lower, pushing Asian stocks to a three-month low on Thursday, NBC News reported. Fears for the health of the Chinese economy has been reflected in the sharply lower yuan,...

Monday, Jan 4, 2016 at 06:09 PM EST

Low Gas Prices Forecast For 2016

Low Gas Prices Forecast For 2016

Analysts expect gasoline prices to remain close to $2 per gallon throughout 2016.

Wednesday, Dec 30, 2015 at 03:27 PM EST

Icahn Outbids Bridgestone to Buy Pep Boys for $1 Billion

Icahn Outbids Bridgestone to Buy Pep Boys for $1 Billion

Pep Boys will be acquired by Carl Icahn for $1 billion, ending a weeks-long bidding war with the Japanese tire company Bridgestone.
The deal is expected to close in the first quarter of next year.

Thursday, Dec 24, 2015 at 12:26 AM EST

Nasdaq to Delist Drug Price Gouger Martin Shkreli's Company

Nasdaq to Delist Drug Price Gouger Martin Shkreli's Company

One of the biotech companies run by Martin Shkreli, the reviled drug price-gouger charged with securities fraud last week, was informed Wednesday that its stock will be delisted by Nasdaq because of Shkreli's...

Friday, Dec 11, 2015 at 08:50 AM EST

$130B Megadeal: Dow, DuPont to Merge

$130B Megadeal: Dow, DuPont to Merge

Chemical giants DuPont and Dow Chemical agreed to merge in a $130 billion all-stock deal. The company would be renamed DowDuPont then split itself into three independent publicly traded companies focused...

Thursday, Dec 10, 2015 at 06:34 AM EST

Small Number of Staff Behind Scandal: VW

Small Number of Staff Behind Scandal: VW

Volkswagen believes that only a small number of employees were behind the emissions scandal, but its board chairman said Thursday the company is still investigating and suggested the probe will not exclude...

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